Vista Outdoor rejects $2.9 bln buyout offer from MNC Capital

Adds more details, background

March 4 (Reuters) - Sporting and outdoor products group Vista Outdoor VSTO.N said on Monday it had rejected a $2.9 billion takeover offer from investment firm MNC Capital because it undervalued the company's Revelyst business.

MNC Capital said on Friday it had submitted a takeover proposal to buy Vista Outdoor for $35 per share on Feb. 19.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)


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